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Home My WebLink About0773 ~?[AMAN~Nrt / MORTCAGE NOTE ~ pri~ci~a1 Amo~nt: $90s000.00 Date ~ Note: •Te~nua~'y .30, . 1976 Msturity Date: 2-24-79 Intereat Rate: g~ Amottization Period: F~om the day hereot to the Maturity Date. Instalment Payment: Intereat }~ayable oA a quarterly ba*ia for the fira~ year, then paym~nts in the ~ount of $11,250.00 p1uB it~~erest Flrat In~talment Payment Date: CI11Q every three montha beqinninq iKay a4, ~1977 FOIt VALUE RECEIVED. the w~deraigned and if more than one, joint2y and severally (the Maker), doea hereby covenant and promise to pay to the order of Su:. Bar.k of St Lucie County or to ita succeasora or assigas (ooUectlvely the Payee). at its principal oKce at 111 Orange Ave.~ Fort Pierce. Fla. or at such other place as the Payee msy deaignate to the Ddaker in vrriting from time to time. in legal tender of Ehe United Ststea. the Principal Amount together with intereat at the Interest Rate on the unpaid balance of the Principal Amount ~ The aums due and owinA hereunder aball be payable during the Amortization Period in equal mont~?Iy inrif~i`~meais, " eac6 in the amount of the Instalment Payment, the tiist suc6 Instalment Payment to be made on the Fint Instalment ~ Payment Dete and subsequent Instalment Peyments oa the first day of each month tbereatter until the Maturity Date whereupon the entire unpaid balance ot prinripal and intereat accrued and unpaid thereon shaU become due and pay- aMe: eac6 such instalment when paid ehall be app!ied lirat to tLe payment of intereat on tbe unpaid balance at t6e In- terest Rate and the remaiader tl~ereo[ to payment on account ot prineipal. If any Instalment Payrnent shall not be paid when due. then the eatire principal amn and accrued interest -here- uader shall become due and payable at once or thereatter. at the option of the holder of ihis Note. 'I'he Payee may. at 'its option, collect a late charge not to e~ceed two cents for each one dollar ot each Instalment Payment not p~aid when _ due to reimbusse the Peyee for e:penses of servicing delinquettt Instalmeat Paymenta. Failure to ezercise these optio~s - ahall not constitute a waiver of the right to exetriae the aame in the event of anq subsequent defauli It is further agreed that the •Maker and esch endoreer. surety, gaarantor. joiatly and severaliy. ehall pay all costa of collection of this Note,--including a ressonable attorney's fee. on failure to pay aay Instalment Payment or any aoenied intereat due bereander on the due dete thereof. Thia Note aad all sums due hereunder ahall bear intereat at tbe hisheat ~ lawful rate of interest per annum ia tLe $tate of Florida ftom the date whed the pririripal and aocrued intereat under thia Note shall be due and payabie. The total intereat payable hereunder ahall not in any one year e:oeed the higheat ' tawful raite of intereat in the 3tate oi Florida. - - . This Note is secured by a Mortgage, dated tbe date hereof, of pmperty situsted in the 3tate of Florida. The Maker agrees that it s6a11 be bound by any agreement e:tending the time or modifying the above terms of ~ payment. made by the Payee and the owner or wNners of the property affected by said Mortgage~ whether with oi wiW- ` - out notioe to the Maker. and the Maker shall continue liahle to. pey the amount due hereunder. but wit6 interest at a ~ rate no greater than the Interest Rate, aocording to the terma oE any auch agreemeat of e:tension or modiCx~tion. ~ I ~ The unpaid baiance of the Principai Amount, plus aecrued interest ahali become due and payabie at the optios~ ot the Payee under the happening of an event by which said balanne ahall or may become due and payaWe under the terms of said Mortgage. - , • This Note may not be chanqed orally, but only by an agreement in writeng~ aigned by the party against whom en- forcement of any waiver, change. modification or discharge ia soughk - All parties to this Note, whether Maker, principal, aurety, guarautor or endorser~ hereby waive preeentment for payment. demand, pmteat, notice oi pmtest, and notice of dishonor, and e:preasly agree jointly and severaUy to remain and continue bound for the payment oi the principal and interest pmvided tor by the terma of t6ia Note. notwitbstandina ~ any e:tenaion or exten8ions of the time of, or tor the payment ot said principal or interest, or an c ~ y hange or changes in the amount or amounts agreed :o Ee paid under or by virtue ot the obligation to pay pmvided tor in thie Note. or any change or changea by way of release or sura~ender or subatitution of any real property and collateral. or eitber, held as security tor this Note, and w•aive all and every kind of notice ot such e:tension or eztensions, change or c6ange~, and agree that t6e same may be made without the joinder of the Maker. ~ . : i S i ~ ~ M. A. Ramsey ~ ~ - x ~ ~iary Lee Ramsey ~ ~ _ ; ~ Leon D. er ~ s . ~ ~ . ~ ' Bertha Z. H l~er . a 3 tL~NM )!J - fRl)TI1: !7 IR'Ati ~ F:~~ 2~9 7"~2 ~ ' ~-~'F~.'ri~~' ~ x ~.~.3~ ~ ,r ~ , . . . x;~ iy~r,~ l. ~ _ ~ < ~-r ' _ . _ ' . . ' ' i~